Bitcoin Reclaims $120K: What's Driving the Crypto Surge?As of August 11, 2025, Bitcoin ($BTC ) has once again captured the spotlight, surging past the $120,000 mark and igniting excitement across the crypto world. This milestone, reported by sources like CoinGape and FXStreet, comes amid a whirlwind of market activity, institutional interest, and macroeconomic shifts that are pushing cryptocurrencies to the forefront of today’s trending topics.
Why the Rally?
Bitcoin’s climb to $120K is fueled by a massive $920 million withdrawal from Kraken, signaling strong whale accumulation and investor confidence. Trading volumes have skyrocketed, with Binance alone seeing spot volumes jump from $3.1 billion to $8.8 billion during the rally. Meanwhile, the U.S. House’s passage of the GENIUS Act, aimed at regulating stablecoins, has bolstered optimism for broader crypto adoption.
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